<img src="https://crypto.news/app/uploads/2023/08/Astar-Foundation-launches-Polkadots-Relayers-Incubator-program04.png” />
The Layer 2 ethereum network launched by Blur's co-founder and backed by Paradigm announced openings for two major roles for its promised yet-to-exist mainnet.
Blast, an ethereum-based L2 scaling solution, is hiring for Senior DevOps Engineer and Senior Protocol Engineer positions after reaching a mouth-watering $640 million in user-deposited cryptocurrency.
Blast's work list was met with scrutiny from cryptocurrency users on social media, with many sharing doubts about the project's ability to offer a secure defi protocol running on top of the largest altcoin blockchain.
Both roles are crucial to building a functional blockchain mainnet that Blast does not yet have. However, determined speculative investors have invested hundreds of millions in digital assets into Blast's deposit-only smart contract that will likely capture early adopter advantages and position itself for a potential token airdrop.
The recruitment exercise revealed on December 1 was the latest in a controversial saga surrounding Blast. In addition to an absent mainnet, Defi participants were skeptical about the multi-signature wallet model of Blast and its five signatories.
Blast's multi-sig operates on a 3/5 system, meaning three signers can move funds from the protocol wallet. The project responded to these comments by saying that “security exists on a spectrum” and “nothing is completely secure.”
Notably, other L2 networks such as Polygon employ a similar mechanism and Blast argued that the multi-signature wallet option offers security benefits.
Paradigm, Blast's main institutional backer, also expressed concerns that the project sets a “bad precedent” for other L2 networks and defi platforms coming to market. Paradigm researcher Dan Robinson, however, said Blast had several interesting components.
Launched by Tieshun Roquerre, co-founder of nft marketplace Blur, Blast would be the third largest L2 network by total value locked according to DefiLlama data if your network was published in its entirety at the time of publication.
